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Finance ministers from the Group of 20 nations are calling to bolster the size of the euro-zone's rescue fund. But German Finance Minister Wolfgang Schaeuble warned that the European sovereign-debt crisis won't be resolved by increasing the fund or printing more money. "Economic stimulus is ineffective in the face of major structural shortcomings," Schaeuble said. "The strategy of piling up more debt will stunt rather than stimulate growth in the long run."

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As negotiations about Europe's banking union bog down, the key to breaking the impasse seems to be implementing checks and balances on the European Central Bank's authority. Also, while the ECB argues that it should have authority over all euro-zone banks, Germany's Bundesbank has balked at the proposal.

Greek Prime Minister Antonis Samaras expects that another austerity and debt-reduction package will be assembled and agreed upon with the EU and the International Monetary Fund this week. Meanwhile, euro-zone officials are trying to come up with ways for Greece to meet longer-term debt-cutting goals, with the original target out of reach because of recession and delayed reforms. German Finance Minister Wolfgang Schaeuble said Athens will not default on its debt, but he warned the troubled nation against exiting the euro zone.

Earnings at investment banks worldwide rebounded in the first quarter amid a reprieve from the euro-zone crisis, but analysts say the situation is temporary because of long-term weaknesses in the industry.

Finance ministers from the Group of 20 nations called to bolster the size of the eurozone's rescue fund. But German Finance Minister Wolfgang Schaeuble warned that the European sovereign-debt crisis won't be resolved by increasing the fund or printing more money. "Economic stimulus is ineffective in the face of major structural shortcomings," Schaeuble said. "The strategy of piling up more debt will stunt rather than stimulate growth in the long run."

EU officials are trying to hammer out key details of a debt restructuring and bailout for Greece as a crucial meeting looms. One question that remains is how euro-zone governments will help reduce Greece's debt burden. Negotiations have shifted to Brussels, where euro-zone finance ministers are scheduled to meet Wednesday.